U.S. attorney wants DOJ to take civil action against Bank of America - legal costs from mortgage cases could reach $5.1 billion: filing

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U.S. attorney wants DOJ to take civil action against Bank of America – legal costs from mortgage cases could reach $5.1 billion: filing

U.S. attorney wants DOJ to take civil action against Bank of America – legal costs from mortgage cases could reach $5.1 billion: filing

Reuters-

The U.S. Attorney’s office recently told Bank of America Corp that they plan to recommend the U.S. Department of Justice file a civil action against the bank related to securitization of mortgages, according to a regulatory filing on Wednesday.

That investigation is one of several the second-largest U.S. bank is trying to resolve over mortgage practices of its own legacy business, as well as those of Countrywide and Merrill Lynch, which it acquired during the 2007-2009 financial crisis.

[REUTERS]

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11 Responses to “U.S. attorney wants DOJ to take civil action against Bank of America – legal costs from mortgage cases could reach $5.1 billion: filing”

  1. JOI says:

    Ok, this would be great. But why the same isn’t being requested for JP Morgan Chase demon Dimon and Deutsche Bank/Deutsche Bank National Trust? They are among the biggest crooks as well that needs to be place in jail with Bernie Maddoff and become Bubba’s hubby behind bars.

  2. dinsfla says:

    being that all of these cartels only get civil actions against them means this is simply window dressing.

  3. Mario Cano says:

    BOA Vs Cano
    Total froude by BOA and Attorneys
    Judges in the Bank side. Disregardind justice
    They made statments of personal filing and not
    Following right and wrong .

  4. Mario Cano says:

    How much more the justice department
    Is goingto let Banks, Attorneys and Judges
    To work this crimes among them and never beaccounteble
    Of what the law is there .

  5. Mario Cano says:

    Lets get the law do the right thing and not let this attordys and banks. Get away with crime and froud

  6. Mario Cano says:

    Need to reopen base on Frude by bank and attorneys
    BOA/BONY vs Cano Wi

  7. Mario Cano says:

    Justice Deparment is to protect us from unjustice
    Like what BOA did to the Canos with. Corrupted
    Law firms and bios Judges BOA vs Cano Wi how is it
    Possible that Bank Attorneys creat affadivits
    For one of the fmdefendents to creat standing .
    Judges have no problem with this ???

  8. Mario Cano says:

    Justice Deparment need to make BOA/ BONY and attorneys that
    Forms that theu iligaly Robo sigh , against people
    Like case BONY/BOA vs Cano Wi where is the law or
    Real justice ???

  9. Mario Cano says:

    When is justice will come on BOA vs Cano. ???

  10. Mario Cano says:

    What is the Justice deparment good for ?? Evidence is clear ???

  11. Mario Cano says:

    I respect public service , but jefferson county in Wi is totaly corrupted , they protect, the law firms that got them elected. Not fairness at all what happen with standing up for right and wrong?????

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